Shares of Ultra Electronics Holdings plc (LON:ULE) have received an average recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,183.67 ($28.45).
Several research analysts have commented on the stock. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 2,400 ($31.27) price objective on shares of Ultra Electronics Holdings plc in a research report on Monday, July 24th. Liberum Capital restated a “buy” rating and set a GBX 2,300 ($29.96) price objective on shares of Ultra Electronics Holdings plc in a research report on Friday, July 7th. Deutsche Bank AG restated a “hold” rating and set a GBX 2,050 ($26.71) price objective on shares of Ultra Electronics Holdings plc in a research report on Friday, July 7th. Finally, Investec reiterated a “buy” rating and set a GBX 2,300 ($29.96) price target on shares of Ultra Electronics Holdings plc in a report on Thursday, June 22nd.
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Shares of Ultra Electronics Holdings plc (LON:ULE) opened at 2119.00 on Friday. The firm’s market capitalization is GBX 1.49 billion. The company’s 50-day moving average price is GBX 2,055.16 and its 200-day moving average price is GBX 2,039.74. Ultra Electronics Holdings plc has a 12-month low of GBX 1,649.00 and a 12-month high of GBX 2,245.00.
About Ultra Electronics Holdings plc
Ultra Electronics Holdings plc provides solutions and products in the defense and aerospace, security and cyber, transport and energy markets, by applying electronic and software technologies. The Company operates in three segments: Aerospace & Infrastructure, Communications & Security, and Maritime & Land.
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